The AML Clinic Podcast
The AML Clinic Podcast is hosted by Michelle Clement, a former SRA AML Regulatory Manager who has audited hundreds of law firms and authored key SRA guidance now used across the profession.
Expect straight-talking insights, real-world examples, and a look at the blind spots the SRA actually targets.
Created for MLROs, MLCOs, partners, fee earners, and compliance professionals who want to stay ahead and stay out of the next enforcement headline.
The AML Clinic Podcast
Episode 9 - A Case Study on Onboarding Corporate Clients
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In this episode of the AML Clinic podcast, host Michelle Clement and guest Ray Blake delve into the complexities of onboarding a corporate client within the framework of anti-money laundering (AML) compliance. They explore the critical distinctions between identifying and verifying corporate clients, the role of Special Purpose Vehicles (SPVs), and the importance of understanding ownership structures. The conversation highlights the red flags associated with SPVs, the limitations of relying solely on Companies House for verification, and the regulatory requirements for directors.
The episode concludes with practical advice for firms navigating due diligence processes, emphasising the need for thorough documentation and understanding of the regulatory landscape.